Work with your lawyer, accountant or financial planner to work out an estate plan that is tailored to your needs and incorporates all your assets.įor help developing a comprehensive estate plan that covers all necessary issues, it’s recommended that you seek independent legal advice. Identify any potential risks you want to plan around before and after your death, such as divorce, mental incapacity or your early death. Create a list of all your personal assets, as well as other assets that form your estate, such as trusts, stocks or life insurance. The estate planning process can be broken down into a few simple steps: Filing an advance medical directive, or instructions regarding medical treatment if you’re mentally incapacitated or unable to communicate.Appointing power of attorney, or someone to conduct your affairs if you’re unable to do so.Naming an executor of your estate or a trustee for minor beneficiaries.
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